Mnuchin said the delay would apply to individuals and small businesses, and that he did not need the approval of Congress to do it. It would be part of a broader package of stimulus the Trump administration is planning, he said in testimony to the House of Representatives Appropriations Committee. He did not specify what the new deadline would be.
Treasury plans to delay the April 15 tax-filing deadline Read More »
Typically, spring homebuying season starts in earnest as the calendar ticks toward March, but homebuyers are seemingly getting an earlier start this year, perhaps driven into the market by low mortgage rates.
Now, a new report from the Mortgage Bankers Association shows that spring homebuying season officially began in January this year.
Homebuying season definitely started early this year Read More »
In 2019 we saw interest rates drop, housing inventory remain low and hot markets continue to heat up. Will those trends persist in 2020? Will home sales remain stagnant in the new year? Will an influx of new housing inventory come onto the market? Will younger consumers stop renting and start owning?
Here are five predictions that are likely to shape the 2020 housing market and help us answer these questions and more.
Five Housing Market Predictions For 2020 Read More »
On Monday, the average rate on the 30-year fixed mortgage hit 3.34%, down from 3.42% last week, according to Mortgage News Daily. If the rate holds for more than one day, it will be the lowest it’s fallen in eight years.
Mortgage rates hit an 8-year low, dragged down by coronavirus fears Read More »
Buying a house is probably the largest single financial decision people ever make – and it’s a decision that’s made with high frequency each year.
Though these figures have somewhat leveled off in recent years, total home sales continue to hover around 6 million, spurred on by historically low lending rates and the longest economic expansion in U.S. history. It would seemingly look like a great time to buy a house, but that all depends on if you have your credit in order.
The easy way to save $140,000 on a new home purchase Read More »
Last year proved to be an unexpectedly good year for housing in general and mortgage companies in particular. Ten years after the end of the financial crisis, low interest rates and strong home-price growth contributed to a banner year, with consumers sitting on record amounts of home equity to tap. But the ten-year mark also spawned a host of predictions for a coming recession, maybe even in 2020. Our economy operates on a cycle, and a full decade of growth seems bound to end with a downturn.
What people have all wrong about the “looming recession” Read More »
San Francisco is building more now than it has in generations. More homes, more commercial and office space, more parks, and more public spaces.
Here are seven neighborhoods critical to the future of San Francisco, and the forces aligned for and against changes on the horizon.
7 San Francisco neighborhoods everyone should be watching Read More »
Mortgage rates may be at an all time low, but there’s still a big difference between a 3 percent and 4 percent rate. We take a look at the factors that determine your mortgage rate and calculate how much you’ll pay. When you start looking to buy a house, you’re going to hear all about
“For money you wouldn’t need for more than 10 years, which ONE of the following do you think would be the best way to invest it—stocks, bonds, real estate, cash, gold/metals, or bitcoin/cryptocurrency?” That question was recently asked of more than a thousand investors in a Bankrate survey, and the winner—by a large margin—was real estate.
The Single Best Investment for the Next Decade Read More »
In July, housing confidence increased as more Americans reported now is a good time to buy, according to Fannie Mae’s latest Home Purchase Sentiment Index. According to the GSE’s report, sentiment rose by 2.2 points in July to 93.7. Not only is this a 7.2-point increase from last year’s level, but it also marks a new
Americans have never felt better about buying a house than they do right now Read More »
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